Market seasonality has been 'revoked' this year. Here's why.

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Thomas Martin News

Market Domination,Earnings Growth

Big bank earnings powered a rally on Wall Street, pushing the Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) to new highs despite being a...

GLOBALT Investments senior portfolio manager Thomas Martin joins Market Domination Overtime to discuss the market movement and its outlook heading into 2025.

In addition, he expects the market to broaden out from technology leadership in 2025. This movement will not only be powered by earnings growth, but by a resilient consumer as the Federal Reserve continues easing interest rates.The major index is rising for the fifth straight week and our next guest says these gains are a result of the rotation out of tech.

Uh And if you look at those same factors, uh they bottom out uh on a, you know, historical basis at the end of this month.So it's not surprising that investors are looking through that uh and looking positively at the markets.You know, we, we we've been talking about the seasonal is not really operating this year and also the fact that we're at around the two year mark of this bull market.

And as long as these other fundamentals are strong, they're not really catalysts for the market to go down.The WNBA has been praised in the past as a leader for its diversity hiring practices. At the end of the 2022 season, half of the 12 head coaches in the league were Black. Two years later, Seattle’s Noelle Quinn is the only one left after Tanisha Wright was let go in Atlanta and Teresa Weatherspoon was fired in Chicago in the past few weeks.

 

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